Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$12,720
Federal tax deduction
- $1,606
Provincial tax deduction
- $606
CPP deduction
- $526
EI deduction
- $201
Total tax
- $2,938
Net pay
* $9,782
Marginal tax rate
25.9%
Average tax rate
23.1%
76.9%
Net pay
23.1%
Total tax
Total tax
Net pay
The Taxberg
$9,782
Net pay
$807
Tax the employer pays
$2,938
Tax you pay
Total tax paid
$3,745
Did you know your employer also pays tax on your salary? It costs the employer $807 to pay you $12,720. In other words, every time you spend $10 of your hard-earned money, $2.94 goes to the government.
Real tax rate
27.7%
So, with you and the employer both paying tax, what used to be a 23.1% tax rate now rises to 27.7%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
People also ask
$12,720 yearly is how much per hour?
$6.52 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $12,720 a year living in the region of Ontario, Canada, you will be taxed $2,938. That means that your net pay will be $9,782 per year, or $815 per month. Your average tax rate is 23.1% and your marginal tax rate is 25.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $25.87, hence, your net pay will only increase by $74.13.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,707 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$12,500
$13,000
$13,500
$14,000
$14,500
$15,000
$15,500
$16,000
$16,500
$17,000
$17,500
$18,000
$18,500
$19,000
$19,500
$20,000
$20,500
$21,000
$21,500
$22,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 10,604
16.6%
1
British Columbia
CAD 10,272
19.2%
2
Nunavut
CAD 9,908
22.1%
3
Ontario
CAD 9,782
23.1%
4
Yukon
CAD 9,702
23.7%
5
Northwest Territories
CAD 9,680
23.9%
6
Newfoundland and Labrador
CAD 9,344
26.5%
7
Nova Scotia
CAD 9,333
26.6%
8
New Brunswick
CAD 9,260
27.2%
9
Prince Edward Island
CAD 9,212
27.6%
10
Alberta
CAD 9,188
27.8%
11
Saskatchewan
CAD 9,128
28.2%
12
Manitoba
CAD 9,092
28.5%
13
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Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 12,720
0.0%
1
Ireland
CAD 12,720
0.0%
2
Italy
CAD 12,005
5.6%
3
Spain
CAD 11,912
6.4%
4
Switzerland
CAD 11,817
7.1%
5
Norway
CAD 11,702
8.0%
6
France
CAD 11,486
9.7%
7
Luxembourg
CAD 11,280
11.3%
8
Czech Republic
CAD 11,213
11.8%
9
Russia
CAD 11,066
13.0%
10
Austria
CAD 10,815
15.0%
11
Hungary
CAD 10,367
18.5%
12
Ukraine
CAD 10,240
19.5%
13
Germany
CAD 10,217
19.7%
14
Sweden
CAD 9,988
21.5%
15
Greece
CAD 9,941
21.9%
16
Poland
CAD 9,858
22.5%
17
Portugal
CAD 9,292
27.0%
18
Finland
CAD 8,809
30.8%
19
Belgium
CAD 8,650
32.0%
20
Denmark
CAD 8,473
33.4%
21
Netherlands
CAD 8,004
37.1%
22
Romania
CAD 7,441
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 11,543
9.3%
1
Canada
CAD 9,782
23.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 12,720
0.0%
1
Hong Kong
CAD 12,720
0.0%
2
Thailand
CAD 12,021
5.5%
3
Pakistan
CAD 11,742
7.7%
4
Taiwan
CAD 11,594
8.9%
5
Malaysia
CAD 11,226
11.7%
6
South Korea
CAD 11,207
11.9%
7
New Zealand
CAD 11,131
12.5%
8
Indonesia
CAD 11,009
13.5%
9
Philippines
CAD 10,943
14.0%
10
Japan
CAD 10,336
18.7%
11
Singapore
CAD 10,178
20.0%
12
Vietnam
CAD 10,172
20.0%
13
Kazakhstan
CAD 10,074
20.8%
14
India
CAD 10,053
21.0%
15
China
CAD 9,081
28.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 11,709
8.0%
1
Colombia
CAD 11,702
8.0%
2
Ecuador
CAD 11,518
9.5%
3
Guatemala
CAD 11,500
9.6%
4
Costa Rica
CAD 11,384
10.5%
5
Panama
CAD 11,321
11.0%
6
Peru
CAD 11,130
12.5%
7
Mexico
CAD 10,859
14.6%
8
Brazil
CAD 10,699
15.9%
9
Chile
CAD 10,481
17.6%
10
Uruguay
CAD 10,163
20.1%
11
Argentina
CAD 8,258
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 11,573
9.0%
1
Morocco
CAD 10,323
18.8%
2
Mozambique
CAD 9,927
22.0%
3
Ivory Coast
CAD 9,749
23.4%
4
Cameroon
CAD 9,660
24.1%
5
Kenya
CAD 9,617
24.4%
6
Angola
CAD 9,480
25.5%
7
Ghana
CAD 9,381
26.3%
8
Nigeria
CAD 8,825
30.6%
9
Uganda
CAD 8,678
31.8%
10
Senegal
CAD 8,635
32.1%
11
Zambia
CAD 8,346
34.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 12,084
5.0%
1
Qatar
CAD 12,084
5.0%
2
Bahrain
CAD 11,702
8.0%
3
Oman
CAD 11,702
8.0%
4
Saudi Arabia
CAD 11,448
10.0%
5
Kuwait
CAD 11,321
11.0%
6
Israel
CAD 11,047
13.2%
7
Egypt
CAD 9,925
22.0%
8
Lebanon
CAD 9,804
22.9%
9
Turkey
CAD 7,467
41.3%
10
Show more
NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.